Echo Foundation

Analysis

Echo Foundation is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Echo Foundation reported income of $84k and spending of $70k, spending 84% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $8,115 to $84k (+930%), an average of +221% a year. The sharpest change came in the year to June 2023, when income rose by 642%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Echo Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include Responsible Retailing Forum Inc ($84k), Draysontate Childrens Cancer Research Fund Ltd NFP ($84k) and The American Porphyrias Expert Collaborative Inc ($84k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 133% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.